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Brisio Innovations to Acquire NameSilo, LLC, Plans to List as a Separate Public Company

Brisio Innovations Inc. (CSE: BZI) (OTC Pink: NTCEF) (the "Company") is pleased to announce that it has signed a definitive share purchase agreement (the "Definitive Agreement") with NameSilo, LLC ("NameSilo") whereby the Company has agreed to acquire all of the issued and outstanding securities of NameSilo (the "Transaction").

With a priority of no interruption to existing customers or NameSilo's growth trajectory, the Transaction will not impact the existing operations of NameSilo and the founders, who are also the owner/operators of NameSilo and who will continue in their current roles and continue operating the business. Further, there are no planned changes to the system infrastructure or operational policies of the business.

NameSilo is a low-cost provider of domain name registration and management services, and is an ICANN-accredited registrar. NameSilo is a high growth registrar with nearly 1.5 million domains under management, and over 85,000 customers from approximately 160 countries. According to RegistrarOwl.com, which provides domain registrar industry statistics from ICANN, NameSilo is the 6th-fastest growing registrar in the world based on percentage growth of new registrations, and 6th-fastest growing registrar in the world when based on net new registrations, behind household names such as Google, GoDaddy and Alibaba.

"We are excited to enter this new phase of the NameSilo journey," said Michael Goldfarb, founder and Managing Member of NameSilo. "We couldn't be happier to find a partner with a track record of success like Brisio, and we look forward to working with them to build upon the success of NameSilo. Our customers and partners will continue to receive the same excellent service they are accustomed to and they will enjoy the benefits of access to additional resources that will be made available."

NameSilo recorded approximately US$11.1 million in annual recurring billings in 2017 up from US$6.9 million in 2016. It has grown its domain names under management from approximately 745,000 domains at the beginning of 2017 to over 1.35 million today, a growth rate of over 65% versus industry averages of approximately 7%. Additionally, NameSilo maintains a customer retention rate of approximately 87%.

Under the terms of the Definitive Agreement, the Company will acquire all of the securities of NameSilo and, in consideration of which, the Company will pay a total of US$9,511,500 (the "Purchase Price") to the members of NameSilo (the "NameSilo Members"). The closing of the Transaction is anticipated to be July 2, 2018.

Further, NameSilo Members will be entitled to certain earnout payments provided that the business achieves a specified EBITDA. All earnout payments will be made no later than August 15, 2018 and will be payable in cash and shares.

After completion of the Transaction, the Company intends to spin-out NameSilo as a separately listed entity on a Canadian stock exchange. The board of directors of the Company will provide further details on the proposed spin-out on closing of the Transaction.

CEO Paul Andreola states, "We are extremely pleased to have found a world class company that meets our criteria of high growth, profitability, high customer retention and customer satisfaction. We look forward to working with the NameSilo team to continue to build the brand and provide their customers outstanding value and service and to meet their ongoing needs."

The Transaction is subject to customary conditions contained in the Definitive Agreement as well as approval of the stock exchange, and the Company completing sufficient financing to satisfy the Purchase Price. If the Company is unable to close the transaction, the Company will be required to pay a break fee to NameSilo.

Brisio Innovations Inc.
Paul Andreola
President, CEO and Director
(604) 644-0072
www.brisio.com

About Brisio Innovations


Brisio Innovations Inc. invests its capital in companies and opportunities which management believes are undervalued and have potential for significant appreciation. The company makes investments in both public and private markets and focuses on opportunities in a wide variety of industries excluding the resource and resource service sectors. Brisio does not invest on behalf of any third party and it does not offer investment advice.

Disclaimer for Forward-Looking Information Certain statements in this news release are forward-looking statements, which reflect the expectations of management regarding potential future investments by the Company. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause the Company's actual results to differ materially from those expressed or implied by the forward looking statements.

Source.
 
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The views expressed on this page by users and staff are their own, not those of NamePros.
Hope after Acquire Namesilo have same kind of support that currently have
Easy interface, good support, simple no hidden. Prices
I always prefer namesilo over all
 
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Plan to Implement New Value-Added Digital Service Products

"Additionally, we look forward to implementing value-add services for the NameSilo platform which will provide customers with an enhanced user interface experience and the ability to have a one stop shop for their internet needs."
Ugh. Everything is perfect the way it is. So let's screw with it. Words like value-added services and one-stop shop scare me. Leads to poop.
 
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Ugh. Everything is perfect the way it is. So let's screw with it. Words like value-added services and one-stop shop scare me. Leads to poop.
Exactly... Well not quite poop but makes me very wary!
 
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If it ain't broke don't fix it
 
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Well there is always room to make the good better
 
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So, @namesilo Any updated details for us about the acquirement?
 
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I'm curious if they'll be able to retain their great employees. I would imagine there's a high chance of turnover under an ownership change.

Has anyone had to contact support the past week or two? Was it good like normal?
 
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I'm curious if they'll be able to retain their great employees. I would imagine there's a high chance of turnover under an ownership change.

Has anyone had to contact support the past week or two? Was it good like normal?

Recently, i tried to contact them about two weeks ago for helping a person whom would sell me to a domain name which needs to be transferred to be ordered via NameSilo Marketplace, they didn't reply in such manner time or later, but transfer completed in few hours after i wrote them via e-mail, interesting : )

P.S: Before support requests were responded as soon as possible.
 
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Thanks for the comments everyone. And apologies for the delayed response, we've been pretty busy interviewing candidates and growing the team.

As we've mentioned before, the goal of this acquisition isn't to mess around with what has made us successful thus far. Rather, it's to help grow our team and products to better service you guys. We're dreaming big and want to get NameSilo to the top.

Please feel free to reach out to us by message and we are always on [email protected]
 
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Thanks for the comments everyone. And apologies for the delayed response, we've been pretty busy interviewing candidates and growing the team.

As we've mentioned before, the goal of this acquisition isn't to mess around with what has made us successful thus far. Rather, it's to help grow our team and products to better service you guys. We're dreaming big and want to get NameSilo to the top.

Please feel free to reach out to us by message and we are always on [email protected]
Keep rocking. The only site that doesn't need to change it's web 1.0 ui/ux. It works and we love you for it.
 
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hehe thank you. We have plans to upgrade the look to more 2.0 but we will keep the old for those that liked that better
 
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I emailed last night about the domain link manager being stuck in processing mode, for 3 days for my .ca and no response.
Usually i get responses in hours, if not minutes. Quick check shows all green, still processing for 4 days now in link manager.
 
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Sorry about that, looks like it slipped through the cracks. We are also working on setting up a better solutions for our support.
We are looking into this now
 
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You dont need better solutions.
You have the best support in the business.
Took you 10 minutes to respond on this thread, ya you can do better :xf.grin:
 
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Thank you, but we missed your email in [email protected] and that cant happen. We have fixed the bug and the script is running to fix the problem
 
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Most of them are finished processing except a dozen or so .ca
Thanks for fixing that so quickly (y)
 
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I'm curious if they'll be able to retain their great employees. I would imagine there's a high chance of turnover under an ownership change.

Has anyone had to contact support the past week or two? Was it good like normal?

Currently NameSilo is not responding to my support emails.
 
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Currently NameSilo is not responding to my support emails.

Apologies for the delay - we've been facing a higher volume of support emails than normal. We're working to get through all of them in the next couple of hours. Thank you for your patience.
 
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These takeover types watch for a bit, then they start suggesting changes, then they start recommending changes, as they think they can do it better on paper.

LOL this is exactly what is going on at the company I currently work for. We just got told last week that we are likely going to go out of business soon by my department director just 1.5 years after being acquired for around $155 million when we had been averaging over 5-5.5 million profit per month prior to being acquired.

I'm not saying this will happen with NameSilo by any means, but you are right it does happen. I remember the company raving about it when we were acquired saying we were set to become industry leaders within the next 2-3 years. Now we're all going to be in the unemployment line. The company came in and tried to change the entire business model to fit their "5 year exit plan"..
 
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Brisio Changes Name to NameSilo Technologies Corp.

VANCOUVER , Dec. 6, 2018 /CNW/ - Brisio Innovations Inc. (Old Symbol: CSE: BZI, New Symbol: CSE: URL) (NTCEF) (the "Company") is pleased to announce that it has changed its name to "NameSilo Technologies Corp." and its common shares will trade under the new trading symbol "URL" at open of markets on December 6 , 2018. The new name reflects the evolving focus of the Company as the parent company for NameSilo, LLC. NameSilo, LLC, is a well-established low-cost provider of over 2.3 million domain names from over 160 countries.

https://finance.yahoo.com/news/brisio-changes-name-namesilo-technologies-133000204.html
 
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Brisio Changes Name to NameSilo Technologies Corp
Must be a good sign, since at least they will less likely resell this new part of a business in foreseeable future.
I am curious what exactly is behind this change though.
So far - from customers point of view - I do not see any serious development/performance decrease (or increase). And by some reason responses from support@ are now anonymous - no signature, no agents name attached.
 
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.........responses from support@ are now anonymous - no signature, no agents name attached.

I noticed that too. And they reply erratically. Sometimes quickly, sometimes not. IME
 
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I think from the little in official release and the statement from Canadian Securities agency the key reason for name - logo - symbol change is to emphasize their focus going forward on domain related business going forward. See they are up to 2.3 million registrations now.
 
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